Abstract
ABSTRACT Russia has witnessed a high number of bank failures over the last two decades. Using monthly data for 2002–2020, spanning four election cycles (2004, 2008, 2012, 2018), we test the hypothesis that bank failures are less likely before presidential elections. We find that, in general, bank failures are less likely to occur in the 12 months leading up to an election. However, we do not observe that bank failures during electoral cycles are more pronounced for banks associated with greater political costs (financial troubles) than for other reasons (illegal activities). Overall, our results provide mixed evidence that political cycles matter for the occurrence of bank failures in Russia.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
